Most Hawaii employers are already aware that they face higher payroll taxes in 2010 due to the increase in unemployment and the drain on the unemployment insurance trust fund.
To help companies calculate their estimated UI taxes for next year, the Dept.
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Hawaii has received more than $30 million from the U.S. Employment and Training Administration for unemployment insurance incentive payments, which are meant for states whose UI laws meet federal criteria to permanently expand benefits,
HEC members can get this handy fact sheet summarizing the payroll information for Social Security, Temporary Disability Insurance, Workers Compensation, Unemployment Insurance, minimum wage and mileage
The Middle Class Tax Relief and Job Creation Act of 2012, reducing employment tax rates for employees and the self-employed, and providing 100 percent Federal funding for extended unemployment insurance benefits through December 31, 2012 was signed into law by President Obama on February 22.
Legislation was introduced in the U.S. Senate on February 11 to extend the COBRA subsidy for workers who are involuntarily terminated up to May 31; and to extend current federal extended unemployment benefits.
Hawaii companies need to step up and tell their legislative representatives exactly how the jump in their unemployment insurance taxes will affect their individual business and current or future hiring, according to speakers at HEC’s January 29 briefing on the pending UI tax hike.

